What an incredible year! 2017 smashed records as an investor’s dream year. While overshadowed by the cryptocurrency explosion, led by bitcoin’s 1,300% plus gains, the major stock market indexes surged to all-time highs. The Nasdaq jumped 26%, while the Dow Jones Industrial Average added 22%, and the S&P 500 soared over 17%, creating massive wealth among investors. As expected, stock market fever gripped the nation. Usually cautious institutional players threw caution to the wind, as evidenced by the volatility index plunging nearly 22%. The unwinding of derivative hedges, designed to protect against market corrections, became common as the big players… Read More
What an incredible year! 2017 smashed records as an investor’s dream year. While overshadowed by the cryptocurrency explosion, led by bitcoin’s 1,300% plus gains, the major stock market indexes surged to all-time highs. The Nasdaq jumped 26%, while the Dow Jones Industrial Average added 22%, and the S&P 500 soared over 17%, creating massive wealth among investors. As expected, stock market fever gripped the nation. Usually cautious institutional players threw caution to the wind, as evidenced by the volatility index plunging nearly 22%. The unwinding of derivative hedges, designed to protect against market corrections, became common as the big players piled into stocks. The bullish excitement goes far beyond the stock market. It appears we are on the verge of a total economic paradigm shift. Cryptocurrencies, once thought of as just imaginary currency, are in the process of turning mainstream. Major institutions and retailers are in the process of implementing the many benefits of blockchain and cryptocurrency into their operations. #-ad_banner-#The shift from centrally-backed paper currency to a decentralized, digital currency backed by the immutable proofs of blockchain will change our world in ways not even imagined. Not to mention the thriving small business sector in the United States. Fueled… Read More